Borrow Money to Buy an United Check Cashing,Inc. Franchise

Borrowing money to purchase an United Check Cashing,Inc. franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Duncanville, Texas needed money to invest in an United Check Cashing,Inc. franchise back in 2000. Citicapital Small Business Finance issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

UNITED CHECK CASHING
DUNCANVILLE, TX 75137

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6099 - Functions Related to Depositor Banking, N.E.C

NAICS Code

522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$131,500

Loan Approval from the SBA

Of the total $131,500 loan amount, the SBA guaranteed $98,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an United Check Cashing,Inc. franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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